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Whitebox Advisors Portfolio holdings
AUM
$7.65B
Turnover
32.48%
1-Year Est. Return
13.87%
This Fund
S&P 500
This Quarter
Est. Return
+2.03%
1 Year Est. Return
+13.87%
3 Year Est. Return
+24.22%
5 Year Est. Return
+33.25%
10 Year Est. Return
+180.55%
AUM
$8.24B
AUM Growth
+$1.05B
(+15%)
Cap. Flow
-$3.91B
Cap. Flow
% of AUM
-47.46%
Top 10 Holdings %
Top 10 Hldgs %
49.22%
Holding
660
New
173
Increased
24
Reduced
29
Closed
87
Avg Time Held Equity + Options
0.8
years
Top 10 Avg Time Held Equity + Options
0.6
years
Top 20 Avg Time Held Equity + Options
1
year
Avg Time Held Equity only
0.8
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Penumbra
PEN
|
+$151M |
| 2 |
Webster Financial
WBS
|
+$132M |
| 3 |
Valaris
VAL
|
+$45.5M |
| 4 |
Oracle Corp Preferred Stock Series D
ORCL.PRD
|
+$42.5M |
| 5 |
Masimo
MASI
|
+$42.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cadence Bank
CADE
|
+$129M |
| 2 |
Comerica
CMA
|
+$109M |
| 3 |
CyberArk
CYBR
|
+$76.3M |
| 4 |
Confluent
CFLT
|
+$31.9M |
| 5 |
Exact Sciences
EXAS
|
+$31.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 80.53% |
| 2 | Financials | 7.07% |
| 3 | Healthcare | 3.57% |
| 4 | Industrials | 2.5% |
| 5 | Communication Services | 2.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
351
Evernorth Holdings Inc. Warrants
XRPNW
$51.2M
| $60K | ﹤0.01% |
100,000
| – | – |
2025 Q3
2 quarters
|
|
352
Iris Acquisition Corp II Warrants
IRAB.WS
| $57.8K | ﹤0.01% |
+187,600
| New | +$51K |
2026 Q1
0 quarters
|
|
|
HVIIR
353
DELISTED
Hennessy Capital Investment Corp VII Rights
HVIIR
| $57K | ﹤0.01% |
200,000
| – | – |
2025 Q1
4 quarters
|
|
|
EMISR
354
Emmis Acquisition Corp Rights
EMISR
| $56K | ﹤0.01% |
400,000
| – | – |
2025 Q4
1 quarter
|
|
355
Charlton Aria Acquisition Corp Rights
CHARR
| $55.9K | ﹤0.01% |
399,000
| – | – |
2024 Q4
5 quarters
|
|
|
COLAR
356
DELISTED
Columbus Acquisition Corp Rights
COLAR
| $54K | ﹤0.01% |
150,000
| – | – |
2025 Q1
4 quarters
|
|
357
Blue Acquisition Corp Right
BACCR
| $52.5K | ﹤0.01% |
175,000
| – | – |
2025 Q3
2 quarters
|
|
358
Westin Acquisition Corp Right
WSTNR
| $52.5K | ﹤0.01% |
250,000
| – | – |
2025 Q4
1 quarter
|
|
|
SVACW
359
DELISTED
Spring Valley Acquisition Corp III Warrant
SVACW
| $52K | ﹤0.01% |
50,000
| – | – |
2025 Q4
1 quarter
|
|
|
NHICW
360
DELISTED
NewHold Investment Corp III Warrants
NHICW
| $51.3K | ﹤0.01% |
125,000
| – | – |
2025 Q2
3 quarters
|
|
361
FACT II Acquisition Corp Warrant
FACTW
$1.57M
| $50K | ﹤0.01% |
125,000
| – | – |
2025 Q2
3 quarters
|
|
362
Talon Capital Corp Warrants
TLNCW
| $50K | ﹤0.01% |
100,000
| – | – |
2025 Q4
1 quarter
|
|
363
Safeguard Acquisition Corp Warrants
SAC.WS
| $50K | ﹤0.01% |
+125,000
| New | +$57.6K |
2026 Q1
0 quarters
|
|
364
Iron Horse Acquisitions Corp II Rights
IRHOR
| $49.7K | ﹤0.01% |
+350,000
| New | +$49.4K |
2026 Q1
0 quarters
|
|
365
Pyrophyte Acquisition Corp II Warrants
PAII.WS
| $49.5K | ﹤0.01% |
150,000
| – | – |
2025 Q3
2 quarters
|
|
366
Miluna Acquisition Corp Warrant
MMTXW
| $48K | ﹤0.01% |
+400,000
| New | +$52.6K |
2026 Q1
0 quarters
|
|
|
BBCQW
367
DELISTED
Bleichroeder Acquisition Corp II Warrants
BBCQW
| $47.6K | ﹤0.01% |
+50,000
| New | +$37.5K |
2026 Q1
0 quarters
|
|
368
Invest Green Acquisition Corp Rights
IGACR
| $47.5K | ﹤0.01% |
250,000
| – | – |
2025 Q4
1 quarter
|
|
369
Stellar V Capital Corp Warrant
SVCCW
$1.56M
| $44K | ﹤0.01% |
200,000
| – | – |
2025 Q1
4 quarters
|
|
370
OTG Acquisition Corp I Warrants
OTGAW
| $43.8K | ﹤0.01% |
175,000
| – | – |
2025 Q4
1 quarter
|
|
371
CO2 Energy Transition Corp Warrant
NOEMW
| $42.9K | ﹤0.01% |
390,000
| – | – |
2025 Q1
4 quarters
|
|
372
Silicon Valley Acquisition Corp Warrants
SVAQW
$4.41M
| $42.7K | ﹤0.01% |
+150,000
| New | +$45.8K |
2026 Q1
0 quarters
|
|
373
Soren Acquisition Corp Warrant
SORNW
| $42.7K | ﹤0.01% |
+133,333
| New | +$40.7K |
2026 Q1
0 quarters
|
|
374
M Evo Global Acquisition Corp II Warrants
MEVOW
| $42.5K | ﹤0.01% |
+125,000
| New | +$42.7K |
2026 Q1
0 quarters
|
|
375
Roman DBDR Acquisition Corp II Warrants
DRDBW
| $42.5K | ﹤0.01% |
200,000
| – | – |
2025 Q1
4 quarters
|
|
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Whitebox Advisors's Q1 2026 Portfolio in Review
As of Q1 2026, Whitebox Advisors held 660 positions worth $8.24B, up 15% from $7.19B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Whitebox Advisors withdrew a net $3.91B in Q1 2026, closing 87 positions and reducing 29 holdings. Its most notable exit was Cadence Bank, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 81% of assets, down from 81% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Whitebox Advisors opened a new position in Penumbra worth $146M.
- Whitebox Advisors's largest Q1 2026 buy was Penumbra: 445,001 shares worth $146M.
- Whitebox Advisors added most to Chart Industries in Q1 2026, an estimated $41.2M increase.
- Whitebox Advisors's biggest Q1 2026 reduction was Fox Class B, cutting an estimated $19.8M.
- Whitebox Advisors fully exited Cadence Bank in Q1 2026, selling an estimated $129M.
- Whitebox Advisors's ten largest holdings make up 49% of its $8.24B portfolio in Q1 2026.
- Whitebox Advisors opened 173 new positions and closed 87 in Q1 2026.
- Whitebox Advisors's portfolio value rose 15% quarter-over-quarter to $8.24B.
Based on Whitebox Advisors's 13F filing for Q1 2026, filed 15 May 2026.